Mobix Labs executed two related financing agreements with Leviston Resources. The company issued a $2.8 million senior secured convertible note bearing 10% interest and maturing on October 18, 2026, generating approximately $2.3 million in gross proceeds. Subject to stockholder approval, the note is convertible into Class A shares at the lesser of the June 22, 2026 closing price or 85% of the lowest eight-day VWAP. Concurrently, Mobix Labs amended its registration rights agreement to cover potential resale of shares issuable upon conversion, enhancing flexibility and potential liquidity around future conversions.
Agreement 1: Mobix Labs Raises $2.8 Million Via 10% Convertible Note With Leviston, Maturing Oct 2026
- Agreement type: Senior secured convertible promissory note
- Counterparty: Leviston Resources
- Signed / Effective: Jun 22 2026 / Jun 22 2026
- Duration / Termination: Through Oct 18 2026
- Reason: Strengthen liquidity and funding flexibility
Agreement 2: Mobix Labs Amends Registration Rights to Cover Shares From Leviston Convertible Note
- Agreement type: Second amendment to registration rights agreement
- Counterparty: Leviston Resources
- Signed / Effective: Jun 22 2026 / Jun 22 2026
- Duration / Termination: At will
- Reason: Facilitate resale registration for conversion shares
Original SEC Filing:
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